IRS LEVY NOTICE HELP – IRS TAX LAWYERS, CPA’S, FORMER IRS – LEVY HELP EXPERTS 1-866-700-1040
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We have released thousands of Levy’s since 1982 and are true experts in Levy tax help.
The IRS generally sends out a notice of levy if taxpayers and/or businesses have not responded to bills the notices sent out by the Internal Revenue Service.
As a general rule IRS will send out as many as four notices before IRS will systemically generate in IRS notice of levy.
If the IRS is sent you a L-1058 letter that will be your last IRS notice before IRS will generate to you a bank levy or a wage garnishment levy. That will be followed up by the filing of a notice of Federal tax lien.
IRS receives their levy information directly from your tax return. IRS will input your last three employers and take note of any bank account or interest income you receive from a third-parties into their computer and generate the levy notice directly using your information.
Most taxpayers think IRS dragnets the for banks and they are most often surprise to find out they provide IRS with their own levy source information.
Not a big deal to get an IRS levy notice released
It is not a big deal to get an IRS notice of levy released.
We have released thousands of levy since 1982 and the process is the same for everybody.
IRS will require a 433-F financial statement along with all documentation of income and expenses also needed by the IRS will be bank statements and pay stubs.
IRS will do a detailed analysis and apply that towards the national standard and come up with a solution or tax option and will go ahead and settle the IRS matter/ problem you currently have.
It imperative you let a tax professional workout these equations with the IRS to get you the best settlement or deal possible.
It is possible to get a levy released within one week and many times after be being retained by a client we can get the levy release that day, no promises but it happens.
Before the IRS Can Levy
Before the IRS can levy it must do three things.
1. Assess the tax and sent you a Notice and Demand for Payment;
2. You the taxpayer neglected or refused to pay the tax; and
3. IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
Delivery and IRS Levy Notice Method
IRS has options, they can may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
A IRS Notice of Levy is:
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
IRS has more Seizure Power
IRS could seize and sell property that you hold (such as your car, boat, or house), or
could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
If the IRS determines the notice of levy is creating an immediate economic hardship, the levy may be released.
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
To help ensure quick action, please have the fax number available for the bank or employer office that is processing the levy.
Collections Due Process Hearing
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
You must file your request within 30 days of the date on your notice.
Some of the IRS issues you may discuss include:
You paid all you owed before we sent the levy notice,
We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
We made a procedural error in an assessment,
The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
You did not have an opportunity to dispute the assessed liability,
You wish to discuss the collection options, or
You wish to make a spousal defense.
IRS LEVY NOTICE HELP – IRS TAX LAWYERS, CPA’S, FORMER IRS – LEVY HELP EXPERTS
